Today, Governor Sisolak, joined by federal, state and local partners, officially launched the “Home Means Nevada” housing initiative and opened applications for developers and new affordable housing projects funded by this initiative. Applications are now live on NevadaRecovers.com. Pre-application now opens through May 15th at 5pm.
The state of Nevada is committing $500 million from the American Rescue Plan Act, which created the State and Local Fiscal Recovery Funds (FRF) to address housing affordability and homelessness challenges in our community.
Ovation Development Corp hosted the event at the site of the future home of Capriccio by Ovation, a senior affordable apartment community.
“I am struck by the breadth of partners who have come together in support of this important initiative – I know that you all share the same understanding that I do – housing is an immensely complex issue, and a critical priority,” said Governor Steve Sisolak.
The Governor was joined by Adrianne Todman, the United States Department of Housing and Urban Development Deputy Secretary; Congresswoman Dina Titus; Congresswoman Susie Lee; Congressman Steven Horsford; Nevada State Senate Majority Leader Nicole Cannizzaro; and Nevada State Assembly Speaker Pro Tem Steve Yeager, as well as other local leaders and officials for the launch.
“I’m pleased to be here in Nevada for this historic announcement,” said HUD Deputy Secretary Adrianne Todman. “Advancing housing opportunity is a priority of the Biden-Harris administration and the “Home Means Nevada” initiative is a significant investment in housing, made possible by the President’s American Rescue Plan. I applaud Governor Sisolak and the state legislature for putting these federal funds to work to address the housing costs and housing supply needs of the people of Nevada.
“Through Home Means Nevada, we are making investments that will provide housing that is more affordable, accessible, and longer-lasting for nearly 13,000 households – including veterans, seniors, and people with disabilities,” said Rep. Titus. “I’m proud to have championed efforts to change the formula and secure an additional $1 billion in the American Rescue Plan making initiatives like Home Means Nevada possible.”
“The launch of this program is just one step of the many that we will take to ease the burden on our working families and most vulnerable populations. I look forward to working with Governor Sisolak and my colleagues in Congress to make sure that every Nevadan has access to the stable, affordable housing options they deserve,” said Rep. Lee.
“The Home Means Nevada initiative is precisely what I envisioned the state would be doing with the American Rescue Plan funding I voted for in Congress,” said Rep. Horsford. “Equitable distribution of these federal dollars means we will be able to increase the number of units available in our affordable housing supply, preserve and update the units we have currently, as well as provide a path forward for first-time homeowners who want to call Nevada home."